Descartes (NASDAQ: DSGX) acquires Idelic in $28M AI fleet safety deal
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Descartes Systems Group has acquired Idelic, an AI-powered driver safety and performance management provider, to enhance its Global Logistics Network and fleet solutions. Descartes paid approximately US $28 million in cash up front, with up to US $12 million more in performance-based earn-out tied to revenue targets.
Idelic’s platform uses a dataset of more than 40 billion miles of telemetry, over 400,000 accident records, and integrations with more than 80 systems to predict driver risk and guide safety interventions. Combining Idelic’s safety intelligence with Descartes’ routing, planning and execution capabilities aims to support safer, more efficient fleet operations.
Positive
- None.
Negative
- None.
Key Figures
Upfront acquisition price: US $28 million
Maximum earn-out: US $12 million
Telemetry dataset size: 40 billion miles
+3 more
6 metrics
Upfront acquisition price
US $28 million
Cash consideration paid to acquire Idelic
Maximum earn-out
US $12 million
All-cash performance-based earn-out tied to revenue targets
Telemetry dataset size
40 billion miles
Telemetry data used in Idelic’s safety intelligence platform
Accident records
400,000+ records
Accident history powering predictive safety models
System integrations
80+ integrations
Telematics, risk management, and regulatory systems connected
Fleets modeled
150+ fleets
Fleets used to train Idelic’s predictive accident models
Key Terms
Global Logistics Network (GLN), earn-out, telematics, machine learning, +1 more
5 terms
Global Logistics Network (GLN) financial
"adds critical data to our Global Logistics Network (GLN) and enhances"
earn-out financial
"The maximum amount payable under the all-cash performance-based earn-out is US $12 million"
An earn-out is a deal feature in mergers and acquisitions where part of the purchase price is paid later only if the acquired business meets specific future targets, such as revenue or profit goals. It matters to investors because it shares risk between buyer and seller—similar to paying for a used car only if it reaches promised mileage—affecting projected cash flows, valuation assumptions, and the likelihood of future payouts.
telematics technical
"through a connected network of more than 80 telematics, risk management, and regulatory system integrations"
Telematics is the technology that collects, transmits and analyzes data from vehicles or remote equipment—such as location, speed, engine status and sensor readings—using GPS, cellular networks and onboard computers. For investors it matters because telematics turns physical assets into data-rich services, enabling new revenue streams (like usage-based insurance, fleet optimization, or predictive maintenance), reducing costs and improving risk visibility much like a fitness tracker does for health.
machine learning technical
"Built on years of machine learning applied to predictive accident models"
Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.
predictive safety intelligence technical
"Idelic’s AI-powered predictive safety intelligence functionality, when combined with Descartes’"
Predictive safety intelligence uses data analysis and algorithms to spot patterns and likely future problems with medicines, medical devices, or other regulated products before they occur. Imagine a weather forecast for product safety: it helps companies and regulators anticipate adverse events, prioritize investigations, and reduce costly surprises — information investors use to judge regulatory risk, potential liabilities, timelines to market, and the reliability of future revenue.
|
UNITED STATES
|
|
SECURITIES AND EXCHANGE COMMISSION
|
|
Washington, D.C. 20549
|
|
FORM
|
|
REPORT OF FOREIGN PRIVATE ISSUER
|
|
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
|
|
THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the month of April 2026
|
|
Commission File Number: 000-29970
|
|
|
|
(Translation of registrant’s name into English)
|
|
120 Randall Drive
|
|
Waterloo, Ontario
|
|
Canada N2V 1C6
|
|
(Address of principal executive office)
|
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F
[x]
The attached Press Release issued April 23, 2026 is furnished herewith as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
THE DESCARTES SYSTEMS GROUP INC.
|
|
|
(Registrant)
|
|
|
By:
|
/s/ Peter V. Nguyen
|
|
Name:
|
Peter V. Nguyen
|
|
Title:
|
General Counsel
|
Date: April 23, 2026
EXHIBITS
|
Exhibit No.
|
Description
|
|
|
|
|
99.1
|
Press Release issued April 23, 2026
|
Exhibit 99.1
|
|
|
|
|
|
|
|
 |
|
|
|
Press Release
Descartes Acquires Idelic
Adds Critical Data to Global Logistics Network and Advances AI-Powered Fleet Safety and Performance Management Capabilities
WATERLOO, Ontario and ATLANTA, Georgia, April 23, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global
leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Idelic, a leading provider of AI-powered driver safety and performance management solutions.
Idelic’s safety intelligence platform unifies day-to-day safety management activities such as training, monitoring, reporting and
coaching into a single solution. With an AI analytics workflow designed to measurably impact driver behavior, fleets can proactively identify and reduce driving risk by leveraging the platform’s unique dataset of more than 40 billion miles of
telemetry and over 400,000 accident records. The company collects real-time, highly detailed event-level data through a connected network of more than 80 telematics, risk management, and regulatory system integrations. Built on years of machine
learning applied to predictive accident models across more than one hundred and fifty fleets, Idelic’s AI capabilities are field-proven in predicting driver risk and optimizing safety training interventions.
“Productivity and safety are equally critical for fleet operators,” said James Wee, General Manager of Fleet Management at Descartes.
“This acquisition adds critical data to our Global Logistics Network (GLN) and enhances Descartes’ final-mile footprint by adding highly advanced fleet safety capabilities and deep domain expertise. Idelic’s AI-powered predictive safety intelligence
functionality, when combined with Descartes’ industry leading routing planning and execution technology, enables us to deliver a complete and cutting-edge fleet performance management solution that uniquely incorporates driver behavior and safety
signals into our robust operational data set.”
“The need for trusted, real-time fleet and operational data is becoming increasingly critical as customers advance their AI strategies,”
said Edward J. Ryan, Descartes’ CEO. “By combining Idelic’s predictive safety intelligence and unique, critical data with Descartes’ GLN, we’re strengthening the data foundation that powers smarter fleet performance decisions and safer, more
efficient operations.”
Idelic is headquartered in Pittsburgh, Pennsylvania. Descartes acquired Idelic for up-front consideration of approximately US $28 million
satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US $12 million, based on the combined business achieving revenue-based targets in each of the
first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2028 and fiscal 2029.
|
The Descartes Systems Group Inc. | info@descartes.com | www.descartes.com | © All rights reserved
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
About Descartes
Descartes powers more responsive, efficient, secure and
sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data
and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.
Descartes Investor Contact
Laurie McCauley
investor@descartes.com
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that
relate to Descartes' acquisition of Idelic and its solution offerings; the potential to provide customers with driver safety and performance management solutions; other potential benefits derived from the acquisition and Idelic’s solution offerings;
and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results,
performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future
Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities regulatory authorities across Canada including Descartes’ most recently filed annual and interim management’s discussion and
analysis which are available under Descartes’ profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, materially
adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information
may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events,
conditions or circumstances on which any such statement is based, except as required by law.
FAQ
What acquisition did Descartes Systems Group (DSGX) announce in this 6-K?
Descartes Systems Group announced it acquired Idelic, a provider of AI-powered driver safety and performance management solutions. Idelic’s platform helps fleets analyze driver behavior, manage safety programs, and reduce risk using extensive telemetry and accident data integrated from many third-party systems.
How much is Descartes (DSGX) paying to acquire Idelic?
Descartes is paying approximately US $28 million in upfront cash to acquire Idelic, plus up to US $12 million in additional all-cash performance-based earn-out. The earn-out depends on the combined business meeting revenue-based targets in each of the first two years after the acquisition.
What does Idelic’s platform add to Descartes Systems Group (DSGX)?
Idelic adds an AI-powered safety intelligence platform that unifies training, monitoring, reporting, and coaching into one solution. It leverages more than 40 billion miles of telemetry data and over 400,000 accident records to predict driver risk and optimize safety interventions for fleet operators.
How will Idelic’s data be used in Descartes’ Global Logistics Network (GLN)?
Idelic’s predictive safety intelligence and unique driver behavior data will be combined with Descartes’ Global Logistics Network. This strengthens the data foundation behind routing, planning, and execution tools to support smarter fleet performance decisions and promote safer, more efficient transportation operations.
What are the terms of the earn-out in Descartes’ acquisition of Idelic?
The acquisition includes an all-cash performance-based earn-out of up to US $12 million. Payment depends on the combined business achieving specified revenue-based targets in each of the first two years after closing, with any earn-out expected to be paid in fiscal 2028 and fiscal 2029.
Where is Idelic, the company acquired by Descartes (DSGX), headquartered?
Idelic is headquartered in Pittsburgh, Pennsylvania. From this base, it has built a safety intelligence platform used by more than one hundred and fifty fleets, applying years of machine learning to predictive accident models and fleet safety training optimization.